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27184432
27925960

6040 Tara Blvd, Jonesboro, GA 30236

RE
FL SL-3402581
Marcus & Millichap
Listed by Marcus & Millichap
$569,071
258 days on market
Updated 42 days ago

North American Title Loan | 20-Yr Abs. NNN | Corp. Guarantee

Details
Property Type Retail
Sub Type Storefront
Square Footage 1,543
Net Rentable (SqFt) 1,543
Units 1
Cap Rate 7%
NOI $39,835
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 01/22/2045
Remaining Term 18.6
Rent Bumps Yes
Lease Options Two 5-Year Options
Price per SqFt $369
Broker Co-Op Yes
Year Built 1966
Year Renovated 1988
Buildings 1
Stories 1
Acreage 0.280
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/23/2025
Ground Lease No
Ownership Fee Simple

3% Annual Increases

Marketing description

Marcus & Millichap is pleased to exclusively present for sale this absolute net-leased North American Title Loans property located at 6040 Tara Boulevard in Jonesboro, Georgia. The offering features a 1,543-square-foot freestanding building situated along Tara Boulevard (U.S. Highway 41/19), a major regional thoroughfare with direct access to both northbound and southbound traffic. This highly visible, median-divided corridor serves as one of Clayton County’s busiest commercial routes, providing consistent daily traffic and consumer exposure.

The property is located just south of Downtown Atlanta and within the greater Atlanta MSA, one of the nation’s fastest-growing metropolitan areas. Jonesboro serves as the county seat of Clayton County and sits just minutes from Interstate 75, offering seamless connectivity to Downtown Atlanta, Hartsfield-Jackson Atlanta International Airport (the world’s busiest airport by passenger volume), and the greater metro region. This positioning provides both local stability and access to Atlanta’s powerful economic base.

The immediate trade area features a dense and diverse retail presence, with national and regional retailers including Tim Hortons, Grease Monkey, Starbucks, Office Depot, Zaxby’s, Sonny’s BBQ, and Applebee’s, among others. This clustering of complementary tenants creates a strong retail synergy, establishing Tara Boulevard as a dominant retail and service corridor in Jonesboro. The property also benefits from close proximity to major community anchors such as Southern Regional Medical Center, a 331-bed acute care hospital, and Southlake Mall, a 1+ million square-foot regional shopping destination featuring more than 120 stores. These drivers reinforce steady consumer traffic and support the long-term stability of the location.

The site also benefits from a strong surrounding residential base and nearby community anchors. Numerous multifamily developments and single-family neighborhoods populate the area, while institutions such as Clayton State University (7,000+ students), Southern Regional Medical Center (331-bed acute care hospital), and the Clayton County Courthouse reinforce daytime traffic and economic activity.

The asset is backed by a brand-new 20-year triple-net (NNN) lease with zero landlord responsibilities, offering investors a passive, long-term income stream. The lease is corporately guaranteed by Select Management Resources (SMR), a well-established operator with 425+ locations across more than 20 states. The lease runs through January 23, 2045 and includes two five-year renewal options thereafter. The lease also provides for 3% annual rental increases, delivering attractive built-in rent growth and inflation protection.

North American Title Loans, affiliated with Mid-American Title Loans, is a highly established operator in the consumer finance space. Founded in 1990, the company operates in over 20 states and specializes in short-term title loan services.

Investment highlights

■ Abs. NNN Lease | Zero Landlord Responsibility

■ Brand New 20-Year Lease

■ Attractive 3% Annual Increases

■ Corporate Guarantee | Backed by Select Management Resources (SMR) with 425+ Locations across 20 States

■ Located in Jonesboro, GA | Market Where Concept Was Founded

■ Strategic Atlanta MSA Location | Just 15 Miles South of Downtown Atlanta

■ Prime Position on Tara Boulevard | Major Regional Thoroughfare with Full Access to Northbound & Southbound Traffic

■ Strong Trade Area | Surrounded by National & Regional Retailers Including Tim Hortons, Starbucks, Office Depot, Zaxby’s, Sonny’s BBQ, and Applebee’s

■ Community Anchors Nearby | Adjacent to Southern Regional Medical Center (331-Bed Hospital) and Minutes from Southlake Mall (1M+ SF Regional Shopping Center)

■ Fee Simple Allowing for Depreciation

Listing Contacts

RE
FL SL-3402581
Marcus & Millichap
Listed by Marcus & Millichap

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Loan Amount
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$39,835.00
$3,319.58/mo

Valuation Metrics

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DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
John Leonard
License
GA 252904
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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